The following time series shows the number of units of a particular product sold over the past six months.

a.Compute a 3-month moving average (centered) for the above time series.
b.Compute the mean square error (MSE) for the 3-month moving average.
c.Use $\alpha$ = 0.2 to compute the exponential smoothing values for the time series.
d.Forecast the sales volume for month 7.

Question

The following time series shows the number of units of a particular product sold over the past six months.
  
a.Compute a 3-month moving average (centered) for the above time series.
b.Compute the mean square error (MSE) for the 3-month moving average.
c.Use $\alpha$ = 0.2 to compute the exponential smoothing values for the time series.
d.Forecast the sales volume for month 7.

Quizplus · Accepted Answer

The Answer of The following time series shows the number of units of a particular product sold over the past six months.
  
a.Compute a 3-month moving average (centered) for the above time series.
b.Compute the mean square error (MSE) for the 3-month moving average.
c.Use $\alpha$ = 0.2 to compute the exponential smoothing values for the time series.
d.Forecast the sales volume for month 7.

The Following Time Series Shows the Number of Units of a Particular